STOCK TITAN

Urban One, Inc. Class D - UONEK STOCK NEWS

Welcome to our dedicated page for Urban One Class D news (Ticker: UONEK), a resource for investors and traders seeking the latest updates and insights on Urban One Class D stock.

Urban One Inc is an urban oriented, multi-media company. Its business is radio broadcasting franchise that is the radio broadcasting operation that targets African-American and urban listeners. It operates through the following segments: Radio Broadcasting, Reach Media, Digital, and Cable Television. The Radio Broadcasting segment includes all the broadcasting related operations. The Reach Media segment consists of the Tom Joyner Morning Show and its related activities. The Digital segment focuses on its online business, including the operations of Interactive One. The Cable Television segment deals with TV One's operations.

Urban One Inc. (urban1.com), together with its subsidiaries, is the largest diversified media company that primarily targets Black Americans and urban consumers in the United States. The Company owns TV One, LLC (tvone.tv), a television network serving more than 59 million households, offering a broad range of original programming, classic series, and movies designed to entertain, inform, and inspire a diverse audience of adult Black viewers. As of June 07, 2024, we owned and/or operated 72 independently formatted, revenue-producing broadcast stations (including 57 FM or AM stations, 13 HD stations, and the 2 low power television stations) branded under the tradename 'Radio One' in 13 urban markets in the United States. Through its controlling interest in Reach Media, Inc. (blackamericaweb.com), the Company also operates syndicated programming including the Rickey Smiley Morning Show and the DL Hughley Show. In addition to its radio and television broadcast assets, Urban One owns iOne Digital (ionedigital.com), our wholly owned digital platform serving the African American community through social content, news, information, and entertainment websites, including its Cassius, Bossip, HipHopWired, and MadameNoire digital platforms and brands. We also have invested in a minority ownership interest in MGM National Harbor, a gaming resort located in Prince George's County, Maryland. Through our national multi-media operations, we provide advertisers with a unique and powerful delivery mechanism to the African American and urban audiences.

Rhea-AI Summary

Urban One, Inc. (UONE) announced on May 24, 2024, that it received a second delinquency notification from Nasdaq on May 23, 2024. This notice is due to the failure to file the Q1 2024 Form 10-Q on time, adding to the previously unfiled 2023 Form 10-K. The company must file these documents by June 7, 2024, or submit a compliance plan to Nasdaq. If accepted, the plan might extend the deadline to September 30, 2024. Urban One is working to meet the June 7 deadline to avoid the need for a formal plan. Currently, there is no immediate impact on the stock's Nasdaq listing, but failure to comply could lead to delisting.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.46%
Tags
none
-
Rhea-AI Summary
Urban One, Inc. received a notification from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) due to a delayed Annual Report filing. The company has 60 days to submit a plan to regain compliance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.9%
Tags
none
-
Rhea-AI Summary
Urban One, Inc. (NASDAQ: UONEK and UONE) reported a decrease in net revenue by 2.8% for the quarter ended September 30, 2023, resulting in an operating loss of approximately $56.1 million. The company's Adjusted EBITDA was approximately $34.1 million, down from $44.3 million for the same period in 2022. The CEO expects Q4 radio markets to be down approximately 14%, and the company plans to finish the year in line with prior Adjusted EBITDA guidance of $125-128 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.98%
Tags
Rhea-AI Summary
Urban One, Inc. (NASDAQ: UONEK; UONE) will be holding a conference call to discuss its results for the third fiscal quarter of 2023. The call is scheduled for January 11, 2024, at 10:00 a.m. EST. Interested parties can access the call via phone or the company's website. A replay will also be available for seven days after the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.23%
Tags
-
Rhea-AI Summary
Urban One, Inc. (NASDAQ: UONEK and UONE) reported a net revenue of approximately $239.5 million for the six months ended June 30, 2023, marking a 3.8% increase from the same period in 2022. Operating income decreased to approximately $17.8 million from $61.8 million for the same period in 2022. The company's CEO, Alfred C. Liggins, III, expressed confidence in the company's performance, re-affirming the prior guidance of Adjusted EBITDA in the range $125-128 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.49%
Tags
-
Rhea-AI Summary
Urban One, Inc. (NASDAQ: UONEK; UONE) will be holding a conference call to discuss its results for the first and second fiscal quarters of 2023 on December 07, 2023. Investors and analysts can participate by dialing toll-free 1-844-721-7241 (U.S. callers) or (+1) 409-207-6955 (international callers) with the Access Code 7824764. A replay will be available until December 14, 2023, accessible by calling 1-866-207-1041 (U.S. callers) or (+1) 402-970-0847 (international callers) with the Access Code 3718185. Live audio and replay will also be available on Urban One's corporate website at www.urban1.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.13%
Tags
Rhea-AI Summary
Urban One, Inc. (NASDAQ: UONE) received an Additional Staff Delisting Determination from Nasdaq due to delinquent filing of its Q3 2023 Form 10-Q, potentially leading to the delisting of its securities. The Company requested a hearing, scheduled for November 30, 2023, to address this issue. As part of its compliance plan, the Company filed delinquent reports for the previous quarterly periods on November 20, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.54%
Tags
none
-
Rhea-AI Summary
Urban One Inc. is partnering with TelevisaUnivision Inc. to raise awareness and empower African American and Hispanic voters in the 2024 election cycle. They will co-host a breakfast event featuring keynote speakers and thought leaders from both communities. The event will take place on November 2, 2023, in Washington DC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.66%
Tags
none
-
Rhea-AI Summary
Urban One, Inc. has received a letter from Nasdaq initiating a process that could result in the delisting of the Company's securities due to non-compliance with filing financial reports. The delisting has no immediate effect and the Company intends to request a hearing before a Nasdaq Hearings Panel. The Company has not filed its Q1 2023 Form 10-Q and certain errors in accounting have further delayed the filing of the Q2 2023 Form 10-Q. The Company anticipates resolving these issues and filing the Delinquent Reports in the near future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1%
Tags
none
Rhea-AI Summary
Urban One and Chevrolet collaborate on 2nd annual community impact tour presented by NewsOne
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.43%
Tags
none

FAQ

What is the current stock price of Urban One Class D (UONEK)?

The current stock price of Urban One Class D (UONEK) is $0.9696 as of November 20, 2024.

What is the market cap of Urban One Class D (UONEK)?

The market cap of Urban One Class D (UONEK) is approximately 46.9M.

What segments does Urban One operate through?

Urban One operates through Radio Broadcasting, Reach Media, Digital, and Cable Television segments.

What is the primary focus of Urban One's radio broadcasting franchise?

The radio broadcasting franchise targets African-American and urban listeners.

What are some of the subsidiaries of Urban One?

Subsidiaries include TV One, LLC, Reach Media, Inc., and iOne Digital.

What is the primary goal of Urban One's digital platform?

The digital platform serves the African American community through social content, news, information, and entertainment websites.

What sets Urban One apart in the media industry?

Urban One is a diversified media company that focuses on targeting Black Americans and urban consumers through various media platforms.

What recent achievements has Urban One reported?

Urban One reported net revenue of approximately $117.8 million for the quarter ended September 30, 2023, with an operating loss of approximately $56.1 million.

What is the financial performance of Urban One in recent years?

In the year ended December 31, 2023, Urban One reported net revenue of approximately $477.7 million, a decrease of 1.4% from the previous year.

What is the outlook for Urban One's financial performance?

Urban One reported Adjusted EBITDA of approximately $128.4 million for 2023, with optimistic expectations for political advertising revenues in the future.

How does Urban One engage with its audience?

Urban One provides a unique and powerful delivery mechanism to the African American and urban audiences through its national multi-media operations.

What recent challenges has Urban One faced?

Urban One received a second letter from Nasdaq regarding non-compliance with filing requirements, but is diligently working to resolve the issue.

Urban One, Inc. Class D

Nasdaq:UONEK

UONEK Rankings

UONEK Stock Data

46.94M
27.99M
55.63%
29.22%
0.09%
Broadcasting
Radio Broadcasting Stations
Link
United States of America
SILVER SPRING